Tag: automotive
Some Cars Cheaper to Fuel with Gas Than Electric in 2023
Mid-priced ICE cars cost $11 to drive 100 miles; comparable EVs cost $12 to $16 depending on charging modality East Lansing, MI–August 1, 2023: Anderson Economic Group has released fueling cost estimates for comparable internal combustion engine (ICE) vehicles and electric vehicles (EV) in the first half of 2023. AEG followed the rigorous methodology it […]
Uber Driver Cost Study
In 2021, Uber Technologies, Inc. retained Anderson Economic Group (AEG) to analyze the average hourly earnings for the company’s Chicago drivers during select reporting periods between 2018 and 2021. We define earnings as the total compensation drivers receive, less the total costs they incur in driving their own vehicles. To calculate these figures, we: Collected […]
Gas-Powered Cars Cheaper to Fuel than Electric in Late 2022
This release updates our analysis first published in Real World Cost of Fueling EVs and ICE Vehicles. Drop in gas prices gives cost advantage back to ICE-powered vehicles for the first time since the second quarter of 2021. East Lansing, MI–January 24, 2023: 2022’s final quarter brought relief at the pump for drivers of traditional Internal […]
Continued Commentary: Automotive News & Views
Tesla Growth Drives BEV Market-Share Increase
BEV market-share jumped to 5.2% in Q3 2022, thanks primarily to Tesla Sales East Lansing, MI–October 13, 2022: In the third quarter of 2022, the share of BEVs in the U.S. auto market reached 5.3% after selling around 176,000 units in Q3 2022, slightly higher than the previous quarter. In the same quarter of the […]